Alliance Trust PLC : Response to statement by R...

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM, ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

7 June 2016

ALLIANCE TRUST PLC
("Alliance Trust" or the "Company")

Response to statement by RIT Capital Partners plc

The Board of Alliance Trust notes today's announcement from RIT Capital Partners plc regarding the withdrawal of its informal proposal for a merger of the two companies. 

In the absence of any offer for the Board to consider, the Company is no longer in an offer period.

The Board of Alliance Trust is implementing a series of changes to enhance shareholder value, as set out in its announcement on 1 October 2015. This process is well under way and has already started to make good progress, lowering costs, narrowing the discount and allowing for the creation of a fully independent board of directors. Notwithstanding the achievements to date, this process of development continues and includes a strategic review of the Group, encompassing a broad range of potential courses of action. In light of this the Board will continue to suspend share buybacks until it has concluded on its strategic review.

Enquiries:

Alliance Trust PLC Lord Smith of Kelvin (Chairman) Gregor Stewart (Deputy Chairman)	+ 44 (0) 1382 321000
Canaccord Genuity (Financial Adviser) Andrew 'Z' Zychowski Robbie Robertson David Yovichic	+ 44 (0) 20 7523 8000
Tulchan Communications (PR) Stephen Malthouse Martin Pengelley	+ 44 (0) 20 7353 4200

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Alliance Trust PLC via Globenewswire

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